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Downtrend Broken Resist.Archive
- 7/24/2026 -
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Fortive Corp (FTV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Fortive Corp (FTV). During the week, the FTV climbed 0.53 points, or 0.86%, and closed at 62.31 on Friday, July 24, 2026. Weekly volume was -24% below average.
FTV is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FTV long-term trend chart]
A long-term downtrend had started on March 22, 2024 at 87.10 and reached 46.34 on August 11, 2025. FTV lost 40.76 points, or 46.80%, in 72 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 27.70 and resistance is at 77.40. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See FTV medium-term trend chart]
A medium-term uptrend had started on March 30, 2026 at 53.48 and reached 64.34 on July 6, 2026. FTV gained -10.86 points, or -20.31%, in 14 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (62.15) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See FTV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 26, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See FTV short-term trend chart]
A short-term downtrend had started on July 6, 2026 at 64.34 and reached 58.27 on July 23, 2026. FTV lost 6.07 points, or 9.43%, in 17 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (62.35). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
Daily Technical Indicators: [See FTV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since July 13, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
A Parabolic SAR (stop and reversal) indicator (62.56) comes close to the price (62.31). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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